Goldman Sachs Lowers 2011 EPS Estimate on Intrepid Potash (IPI)

Goldman Sachs is out with its report today on Intrepid Potash IPI, lowering its 2011 EPS estimate. In a note to clients, Goldman Sachs writes, "We are updating our 2011 estimate to reflect the 1Q11 shortfall. Our revised estimates for 2011/2012/2013 are $1.33/$1.87/$2.17 vs. $1.37/$1.87/$2.17 prior. Our 12-month, $36 price target is unchanged." Goldman Sachs maintains Neutral on IPI. At the time of posting, shares of IPI were trading at $33.03, down 0.21% from Thursday's close.